Leaf Tobacco Producer Alliance One Offering Notes

Source from:  AP 08/13/2009

Leaf tobacco producer Alliance One International Inc. said Wednesday that it plans an offering of $75 million senior notes due 2016. The company said it plans to use the proceeds to pay off borrowings under some short-term seasonal credit lines from foreign financing sources that mature over the next two to ten months. The notes are part of the same series as some outstanding senior notes due 2016 that were issued on July 2. There will be $645 million outstanding notes in the series once the offering closes. Alliance One International buys, processes, stores and sells leaf tobacco to cigarette manufacturers and other consumer tobacco products in the United States, South America, Europe and Asia. Its shares closed at $3.86 Tuesday. Enditem